_____ Funds Are Balanced Funds That Automatically Change the Asset

question 4

Multiple Choice

_____ funds are balanced funds that automatically change the asset allocation from more to less equity exposure as an investor ages.

• A)Bond
• B)Aggressive growth
• C)Value
• D)Target-date
• E)Intermediate-term

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Definitions:

Average Inventory

The average stock of goods held over a certain period, calculated to understand inventory levels better.

Cash Coverage Ratio

A metric that measures a company's ability to pay its interest obligations with its cash before deducting interest and taxes.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence over time.